About MeWho am I and what do I do?
Here’s the Deal…
My name is Kalen Bruce, and I am the founder of MoneyMiniBlog. My story is simple…my wife and I were $24,000 of debt, we decided we didn’t like debt, so I became a student of finances. We are now debt-free and building wealth. And I want to share everything I have learned. I write informative, entertaining, mini blogs to help you with your finances. Finances can be intimidating, so I keep it short, sweet and simple. Here are a few of the websites I’ve been featured on:
A Little More About Me
I’m on active duty in the United States Air Force. I’m happily married to my wonderful wife of 9 years. We recently adopted 2 children, for a total of 4 amazing children now. I’m a student of finance and productivity and I want to share what I have learned. I am passionate about helping people and serving others through this blog, in any way I can. I’m currently pursing my Bachelor’s in Economics, just for the fun of it.
Improve Your Finances, Increase Your Productivity
Money and productivity have more in common than you may think. If you really want to get serious about getting out of debt, investing or making more money, you should become a student of finances. Without properly investing your time, you’ll never have time for what’s important. You have your own set of priorities and goals, but one thing I’m sure of is that you could achieve more with more money and greater productivity.
Let’s not get too serious here though. Life should be fun. I write all of these articles as if I were having a conversation with you and I keep them light, so feel free to jump right in the conversation by commenting and connecting through social media. Let’s learn, grow and become better together. While you’re here, you can pick up a copy of my free book (below) when you join the newsletter (also free). I’ll send you email updates each Monday and Thursday, as well as occasional secret money and productivity tips that are exclusive to my newsletter subscribers. Finally, you can scroll down to see the 20 principles that founded this site.
P.S. Now you get 3 more free books when you subscribe. One more of mine and two classic personal finance books. Why? I love giving away free stuff.
The 20 Foundational Principles of MoneyMiniBlog
1. Giving is the foundation of your financial health
How’s your giving? It’s in giving that you receive, but you should give to give, not to receive.
2. Plan for the worst
Emergencies will always happen. Even more so when you aren’t prepared. An emergency fund (not a credit card) is foundational for surviving hard times.
3. Spend less than you make
Always be striving to earn and achieve more, but for now, you must spend less than you make so you have money for what really matters. Delay your gratification and keep your discipline. Wait until you can actually afford what you’re buying.
4. Set Goals
Set goals in every area of your life. Without goals, you have nothing to achieve. You should always know where you’re going in life.
5. Do what works for you
One size doesn’t fit all. If you find a way to budget, invest or save, and it works for you, do it. Apply advice to your life. Don’t mold your life to advice.
6. Get the lowest price
There are things that you can’t change the price of, but that doesn’t mean you can’t try. The worst thing that can happen is that they say “no”. It’s as simple as always asking for a lower price. It can only help and it never hurts.
7. Know your limits
Know your level of discipline/responsibility and live your life accordingly. If you aren’t responsible with credit cards, don’t use them. If you are undisciplined, automate your budget and your investing.
8. If you’re going to spend, you might as well earn
If credit cards aren’t for you (see principle #7), then you can ignore this principle. But if you are able to use credit cards responsibly, search for the most rewarding programs and earn when you spend through cashback or other rewards.
9. Money is More Mental than physical
Money is about your mindset. Your mentality is more important than your ability, but your ability will grow with your mentality. Money doesn’t solve money problems, mindset does.
10. Don’t be average, be successful
Most people are average. That’s why it’s called average. On average, most people aren’t successful. You are better than average. Hold yourself to a higher standard. Did I say average enough?
11. Take action
Nothing happens unless you take action. Reading and learning is necessary, but if it doesn’t lead to action, it’s meaningless.
12. Work to learn, not to earn
The skills you get are more important than the pay you receive. Focus on working in ways that will get you closer to your ultimate goal.
13. Learn from everything
Everything you experience teaches a lesson. Learn from your successes and mistakes, as well as other people’s successes and mistakes.
14. Money isn’t everything
Don’t focus your life around money. Money is just a tool to freely enjoy the things that really matter in life. Respect it, but don’t worship it.
15. Don’t Wait to Be Happy
Don’t wait for your debt to be paid off. Don’t wait for your dream job. You can be happy through the whole process. Stop saying “if I could just [fill in the blank] I would be happy”. You can be happy. Right now.
16. Make Small gains
In every area of your life, make small progress, consistently, for a long time. This is a proven way to achieve any goal you have. Small investments, made monthly, equates to huge wealth down the road.
17. Pay yourself first
This is the most basic law of investing. Your investments and savings should be paid before your bills. You will always find a way to pay your bills. You will never find a way to invest or save, unless you do it first.
18. Invest diligently and patiently
Don’t try to get rich quick. Investing involves diligence and patience. Anything else is simply trading, speculating or gambling.
19. Only invest in what you understand
Even the great investor, Warren Buffett, doesn’t invest in companies he doesn’t understand. From stocks and mutual funds to ideas and start-up companies, know what you’re investing in.
20. Know why you’re investing
When you buy an investment, you should know why you bought it. If you can’t explain why you bought it to a child, you don’t really know why you bought it.